Africa’s biggest refinery discloses 14 pending cases, with nine involving $219.20 million in claims before record IPO
According to pages 160 and 161 of the refinery’s prospectus reviewed by Business Insider Africa, the litigation schedule was last updated on 26 […]
Lobito Corridor could double cargo to 800,000 tons after $300 million boost as US pushes for Africa’s critical minerals
The railway operator received about $300 million in June and is using the funds to expand capacity, buy new wagons and containers, […]
TotalEnergies to Bring New Angola Discovery Online in Just Three Months
TotalEnergies has made a new discovery offshore Angola and has bought operated interest in two new exploration blocks close to operating hubs […]
Don’t panic about the national debt — the US has the wealth to handle it
The U.S. national debt recently passed $40 trillion, hitting this monstrous milestone months ahead of Congressional Budget Office projections, in part due […]
US issues sanctions on Turkish bank that it calls a ‘critical financial lifeline’ for Iran
The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to […]
Argentina Targets Falklands Oil Drillers With Tougher Sanctions
Argentina’s President Javier Milei threatened to impose sanctions on oil companies drilling near the Falkland Islands, after reiterating his claim that the […]
Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge
Crude oil prices extended their climb today and are set for a sharp weekly gain as the war in the Middle East […]
Angolan oil company takes Chevron’s $260 million deal from London bidder using partner rights
Etu Energias agreed to acquire Chevron’s 31% operated interest in Angola’s Block 14 and its 15.5% non-operated interest in the adjoining Block […]
U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields
A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters […]
Venezuela weighs Opec exit as US discusses stake in oil fields
Venezuela is closely examining plans to leave Opec, according to people familiar with the matter, delivering a fresh blow to the oil […]
JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total […]
Iran discovers huge 7.5 trillion cubic feet gas reserve in Fars Province amid US sanctions pressure
Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic metres) of natural gas in a field in the southern […]